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The onset of the pandemic, the recession, and other recent economic turmoil has highlighted some critical organizational challenges; such as organizational silos, lack of employee know-how, and a lack of technical infrastructure. The solution to most of these challenges is digitalization. Adopting modern technologies like artificial intelligence, to supplement finance teams is a huge focus for mid-market CFOs in 2022. Companies that bolster their workforce, hone analytical capabilities, and turn finance into a strategic business partner are better able to empower leaders in organizations to focus more on strategy instead of repetitive clerical work that is currently taking up a majority of their day.
In episode 5 of Receivables Townhall, we bring you an expert panel to explore how you can prepare your workforce for digitization through the lens of accounts receivables.
HighRadius Integrated Receivables Software Platform is the world's only end-to-end accounts receivable software platform to lower DSO and bad-debt, automate cash posting, speed-up collections, and dispute resolution, and improve team productivity. It leverages RivanaTM Artificial Intelligence for Accounts Receivable to convert receivables faster and more effectively by using machine learning for accurate decision making across both credit and receivable processes and also enables suppliers to digitally connect with buyers via the radiusOneTM network, closing the loop from the supplier accounts receivable process to the buyer accounts payable process. Integrated Receivables have been divided into 6 distinct applications: Credit Software, EIPP Software, Cash Application Software, Deductions Software, Collections Software, and ERP Payment Gateway - covering the entire gamut of credit-to-cash.